Billionaire Warren Buffett's 13-Month-Long Warning to Wall Street Can't Be Ignored

In roughly 10 weeks, one of Wall Street's greatest investors will ride off into the proverbial sunset.For the last 60 years, billionaire Warren Buffett has dazzled investors with his ability to spot amazing deals hiding in plain sight. Since taking over as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in the mid-1960s, the aptly dubbed Oracle of Omaha has overseen a cumulative return in his company's Class A shares (BRK.A) of nearly 6,000,000%, as of the closing bell on Oct. 17. This blows the respective returns of the S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) out of the water.But as noted during Berkshire Hathaway's shareholder meeting in May, Buffett plans to retire from the CEO role and hand over the day-to-day operations, including investment portfolio oversight, to predetermined successor Greg Abel, when 2025 comes to a close.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool